Exploration/Appraisal Update

Roc Oil Company Limited
27 November 2007




27 November 2007

                         ROC OIL COMPANY LIMITED ('ROC')
                             STOCK EXCHANGE RELEASE

                EXPLORATION/APPRAISAL UPDATE: DRILLING ACTIVITY

KEY POINT

•    During the next nine months ROC is scheduled to participate in a continuous
exploration and appraisal drilling programme in four countries: Australia, 
Angola, China and Mauritania. The programme currently comprises at least 12 
exploration/appraisal wells, excluding field infill development wells in China 
and Mauritania. ROC will operate the entire programme other than two wells 
offshore Mauritania.

1.   Offshore Northern Perth Basin (ROC: 37.5%)

The ROC-operated WA-286-P Joint Venture has agreed to contract the Premium
Wilcraft jack-up rig to drill two exploration/appraisal wells in the offshore
Northern Perth Basin, commencing January 2008. One well will appraise the 2007
Frankland gas discovery; the other well will target the potential of the area
around the 2007 Dunsborough oil discovery by drilling the nearby Lilac Prospect.

2.   Onshore Angola (ROC: 60%)

The Simmons 80 rig commenced drilling the Milho-1 exploration well on 24
November 2007. The well, the first in the current programme to specifically
target a pre-salt structure, is expected to reach Total Depth by the end of
January 2008. Immediately following Milho-1, it is expected that, subject to
formal Joint Venture approval, three other back-to-back exploration wells, all
targeting pre-salt structures, will be drilled which will extend the continuous
drilling programme into mid-2008.

Consistent with ROC's established practice regarding its Angolan drilling
activity, the Company will only issue public statements after the end of each
drilling operation.

Subject to a review of the results of the laboratory analyses of the heavy oil
recovered from the Massambala-1 core samples, the Joint Venture plans to
appraise that discovery during 2008.

3.   Beibu Gulf, Offshore China (ROC: 40% subject to Government 51% back-in
entitlement)

The ROC-operated Block 22/12 Joint Venture has finalised a rig contract for the
Premium Murmanskaya jack-up rig to drill four exploration/appraisal wells
starting in mid-December. The first two wells will test the Wei 6-12-West and
Wei 6-12-East structural-stratigraphic prospects, 2.5 km and 1.7 km,
respectively, from the 2006 Wei 6-12-South oil discovery.

4.   Offshore Mauritania (ROC: Block C6 - 5%; PSC B - 3.693% and Chinguetti - 
3.25%)

A 2008 deep water drilling programme is expected to commence offshore Mauritania
at the end of January 2008 and to run through to mid-2008. The first well,
Khop-1, is an exploration well which will test a structure in Block C6.
Subsequent wells include an exploration/ appraisal well on the Banda Gas Field
in PSC B and several infill development wells in the Chinguetti Oil Field.

5.   CEO's Comments

Commenting on the drilling activity, ROC's Chief Executive Officer, John Doran
stated that:

'Not for the first time, the look-ahead exploration/appraisal drilling programme
for ROC includes some pretty interesting wells. As a result, by mid-2008, the
Company will have a much better idea of the true potential of some of its
currently key exploration/appraisal areas.

Meanwhile, as the drilling rolls forward, ROC's activity on the production front
continues unabated with the Company's global activities currently providing it
with about 13,000 barrels of oil per day - a useful balance to the exploration/
appraisal drilling programme.'


In accordance with ASX and AIM Rules, the information in this Release has been
reviewed and approved by Dr John Doran, Chief Executive Officer, Roc Oil Company
Limited, BSc (Hons) Geology, MSc and PhD. Dr Doran, who is a member of the
Society of Petroleum Engineers, has more than 30 years relevant experience
within the industry and consents to the information in the form and context in
which it appears.


Damian Fisher
General Manager
External Affairs & Investor Relations
                                         For further information please contact:
                                                                Dr John Doran on
                                                            Tel: [phone]
                                                            Fax: [phone]
                                                     Email: [e-mail]
                                       Or visit ROC's website: www.rocoil.com.au

                                                                   Dr Kevin Hird
                                          General Manager - Business Development
                                     Tel: [phone]
                                     Mob: [phone]
                                                      Email: [e-mail]
                                                                                
                                                                    Michael Shaw
                                    Oriel Securities Limited (Nominated Adviser)
                                                        Tel: [phone]
                                                                                
                                                                     Bobby Morse
                                                         Buchanan Communications
                                                       Tel: + 44 (0)20 7466 5000
                                                       Fax: + 44 (0)20 7466 5001
                                                  E-Mail: [e-mail]
                                                        Mob: [phone]
                                                                                



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